secwatch.observer — SEC 8-K summary
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Issuer:     Applied Digital Corp. (APLD)
CIK:        0001144879
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001144879-23-000173
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Digital Q4 revenue $22M (+193% YoY); FY2024 guidance $385-405M revenue
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- Fiscal Q4 2023 adjusted EBITDA $2.9M vs. -$3.1M prior year; net loss $6.5M ($0.07/share).
- Secured AI customer agreements worth up to $640M: Character A.I. ($180M+option) and second customer ($460M over 36 months).
- Fiscal 2024 guidance: revenue $385M-$405M, adjusted EBITDA $195M-$205M.
- Energized 180MW Ellendale facility; 9MW HPC facility in Jamestown operational; 200MW Garden City site energization imminent.
- Ended year with $29M cash and $79.4M debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1144879/000114487923000173/0001144879-23-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1144879/000114487923000173/apld-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001144879-23-000173

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer